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Building Insurance

Our Residential Building Insurance policy covers you for unexpected events that damage your building, such as fire, storm and flood, as well as loss or damage caused by tenants or unknown persons.

Combine with Landlord and Save.+Find out more >
Buy online and SAVE 5% on your first year's premium+

What's Covered

Damage from unexpected events

Protects your property against loss or damage caused by:

  • Fire (including bushfire) or explosion
  • Storm or rainwater
  • Flood
  • Escape of Liquid
  • Lightning
  • Show more
  • We do not insure you for bushfire, storm, flood or tsunami in the first 72 hours of your policy. Very limited exceptions apply. Read the PDS for more detail.

Damage caused by tenants, visitors or unknown persons

Protects your property against:

  • Accidental loss or damage
  • Tenant damage
  • Break-in vandalism or theft

Loss of rental income

Up to 52 weeks

If your building is damaged by an insured event and becomes untenantable for more than 7 days, we’ll cover your loss of rent for up to 52 weeks (and no more than $50,000 per year for holiday rental properties).

Also covers

We cover your legal liability for an occurrence that causes death or bodily injury to other people, or damage to other people’s property, up to the limit of $20 million.

This content applies to new policies and renewal policies commenced or renewed on or after 29 March 2021.

For full details of our policies we recommend you read the relevant Product Disclosure Statement.
The Target Market Determination is also available.

Details of what's covered

Building

Hide Detail

Choose cover between $100,000 and $2,000,000

Insured Events
Sub-limit
Fire (including bushfire) or explosion
Storm or rainwater
Flood
Escape of Liquid
Lightning
Earthquake or tsunami
Impact
Accidental glass breakage
Riot, civil commotion or public disturbance
Oil leakage from any heater
Electric motor burnout
Up to $2,000 per claim
Accidental loss or damage
Tenant damage
Break-in vandalism or thefts

Loss of Rental Income

Show Detail
Insured Events
Limit
Untenantable
Up to 52 weeks loss of rent (and no more than $50,000 per year for holiday rental properties)

Other

Show Detail
Insured Events
Limit
Legal Liability
Up to $20million in legal liability

Building

Hide Detail

Choose cover between $100,000 and $2,000,000

Insured Events
Limit
Fire (including bushfire) or explosion
Storm or rainwater
Flood
Escape of Liquid
Lightning
Earthquake or tsunami
Impact
Accidental glass breakage
Riot, civil commotion or public disturbance
Oil leakage from any heater
Electric motor burnout
Up to $2,000 per claim
Accidental loss or damage
Tenant damage
Break-in vandalism or theft

Loss of Rental Income

Show Detail
Insured Events
Limit
Untenable
Up to 52 weeks loss of rent (and no more than $50,000 per year for holiday let properties)

Other

Show Detail
Insured Events
Limit
Legal Liability
Up to $20million in legal liability

This content applies to new policies and renewal policies commenced or renewed on or after 29 March 2021.

For full details of our policies we recommend you read the relevant Product Disclosure Statement.
The Target Market Determination is also available.

Why Building Insurance is important

You can’t control the weather or other unexpected events like theft or accidents. But you can protect yourself against the loss and damage they cause. Our Residential Building Insurance policy provides cover for the cost to repair damage, as well as the loss of rent you incur whilst the repairs are being undertaken.

Combine
and save

If you own a freestanding building, combine one of our Landlord Insurance products with our Residential Building Insurance and receive a 10% discount+ on your Residential Building Insurance policy.

Find out more

Home Building Calculator

Estimate the cost to rebuild. This calculator can help you, as the owner of the property, work out the estimated rebuild cost of your residential building and to help you choose your sum insured.

Terri Scheer Home Building Calculator
Building Insurance is rated 4.7 out of 5 by 217.
Rated 5 out of 5 by from $200 cheaper than other insurance Already have an investment insured with them so received a discount- insurance far cheaper than othe products
Date published: 2019-08-25
Rated 4 out of 5 by from Good service Thought I would try you guys for insurance services
Date published: 2019-08-21
Rated 5 out of 5 by from Best value insurance product very easy to setup Really happy my friends recommended Terri Scheer Insurance as the other companies not even competitive
Date published: 2019-07-28
Rated 4 out of 5 by from A bit painful to renew online I got sent the renewal notice, but seriously, why can't I just log in to renew like most of insurers? I had to go through entering all the details again to ge a new quote, rather than just logging in to the renewal I had been sent. Big time waster for me.
Date published: 2019-07-27
Rated 4 out of 5 by from Landlord insurance Simple and straight forward you don,t have jump through a thousand hoops! I have not yet made a claim so that is why I put 4 stars. As they say the proof is in the pudding. ..
Date published: 2019-07-24
Rated 5 out of 5 by from EXCELLENT VALUE EASY TO ACCESS AND NAVIGATE WITH GREAT VALUE FOR MONEY
Date published: 2019-07-18
Rated 5 out of 5 by from Online process was quick. Best online price for my Online process was quick. Best online price for my
Date published: 2019-07-17
Rated 4 out of 5 by from Best value for money I changed my policy from another provider and i wish i could of done it earlier.
Date published: 2019-06-27
Rated 4 out of 5 by from Building insurance Have just completed purchasing my building insurance to combine with my landlord insurance
Date published: 2019-06-17
Rated 5 out of 5 by from Happy with the service provided The product provided more than I required for a very reasonable price
Date published: 2019-06-12
Rated 3 out of 5 by from Easy to understand Policy is well explained, easy to understand. Content policy is less flexible in choosing amount to be insured. Minimum $60,000 is too high for me and it doesn’t allow to choose different excess amount.
Date published: 2019-05-25
Rated 5 out of 5 by from Easy quote via mobile Great and easy way of getting a quote using your mobile
Date published: 2019-05-24
Rated 5 out of 5 by from Great insurance product Good price. Website easy to use.Will be using for my other properties.
Date published: 2019-05-20
Rated 5 out of 5 by from Great price great insurance After comparing price and inclusions this seems like good value.
Date published: 2019-05-06
Rated 4 out of 5 by from straightforward. should have bought the combined insurance outright
Date published: 2019-04-16
Rated 5 out of 5 by from $6900 saving on $500k house Ridiculous quote from same insurance company I have used with the same property for 15 years. Asked agent - recommended TS and one other, got this quote first, happy with it, job done.
Date published: 2019-03-29
Rated 5 out of 5 by from Good policy Easy to use straight forward policy. The consultant was most helpful and attentive.
Date published: 2019-03-04
Rated 4 out of 5 by from Good value building insurance Bought this insurance for my investment property because it represented the best value for the coverage obtained over all the major insurance players.
Date published: 2019-02-28
Rated 5 out of 5 by from Great website, products and process Used the website to get a quote then visited some others and came straight back. Cheapest quote, best cover, least painful process.
Date published: 2019-02-18
Rated 4 out of 5 by from Great product I used Terri Scheer for my first Apartment and am using them again for the second property.
Date published: 2019-02-04
Rated 4 out of 5 by from Easy to apply, and comprehensive cover Easy to get a quote, competitive, and comprehensive cover options.
Date published: 2018-11-30
Rated 5 out of 5 by from Insurance Policies built for Landlords Purchased the products to cover short term rental situations that are self managed
Date published: 2018-11-29
Rated 5 out of 5 by from Simple and competitive. This insurance is better than my current insurance by 15%. Its a reward to look for another quote.
Date published: 2018-11-06
Rated 5 out of 5 by from Terrific product Process of getting the policy was easy and cover is most suitable for my needs
Date published: 2018-11-05
Rated 5 out of 5 by from Great insurance product Happy with insurance. Never claim anything. Will see in future
Date published: 2018-10-15
Rated 3 out of 5 by from good good easy to insure other insuress dont insure landlord insurance
Date published: 2018-10-13
Rated 4 out of 5 by from Purchase insurance Very easy to find my way around the web site. Quote came immediately, could address and move on quickly.
Date published: 2018-09-23
Rated 5 out of 5 by from So far so good Just came across for new insurance after being with one of the “main” insurance companies, who had always became more and more expensive for less coverage
Date published: 2018-09-21
Rated 5 out of 5 by from Great products for our needs We have all our Landlord's policies with Terri Sheer and we're changing over our building insurance policies as well. Great ease to obtain policies, great savings having both landlord and building policies combined - across all policies and savings into the $1000's per annum...
Date published: 2018-09-11
Rated 5 out of 5 by from Great Just did online...SO EASY AND .... only website with relevant options.
Date published: 2018-08-21
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